As we head into the close of the year, we reflect on the gift of data and its potential in helping shape the way the world has responded to the global pandemic and everything around it.
This year, businesses had to quickly implement new organizational structures to stay resilient and navigate risk, including turning to HR to scale the workforce in response to the pandemic. Many HR leaders developed their strategies using data and analytics to shift employees to different roles and track their well-being while ensuring business continuity.
Oracle’s own Oracle Fusion HCM Analytics has been right there for customers looking for a crystal ball in these uncertain times. With the ability to deep-dive through visual dashboards on all aspects of the business, it’s been a gift that keeps on giving so that the lights can stay on, including:
HR isn’t the only business unit that enjoys the benefit of analytics. Speaking the same language through data draws powerful communication between HR and Finance and elicits a further competitive advantage to any organization, allowing companies answers to questions like:
Using a single data model, HR and Finance can connect Oracle Cloud applications containing both ERP and HCM data for a holistic view of the business. All departments can then speak a common language, fostering more data-driven conversations and detection of meaningful cross-functional correlations across business initiatives to answer relevant questions. Finance and HR data together can bridge gaps that could impact overall company revenue, operational costs, employee satisfaction, and diversity data, translating assumptions into numerical and factual answers, improving the overall health of an organization. Two gifts in one? Who could ask for more?
You can't manage what you can't measure, especially when your workforce is on the line. Learn more about Oracle Fusion Analytics Warehouse today.
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